The global software-definedstorage market is analyzed to take hold of a towering growth in the foreseeable
future with the mounting expansion of cloud-based infrastructure. Quite a few
cloud-based developments are expected to birth as technology behemoths take
over startups. For instance, the hybrid cloud storage partnership between Hewlett-Packard
Enterprise (HPE) Co. and Hedvig, Inc. will produce a distributed storage
platform that features HPE’s Apollo 4200 servers and Hedvig’s software-defined
storage.

The advent of hyper-scale
data in the recent time is prognosticated to bode significantly well for the
development of the global software-defined storage market. Enterprises could witness
a telling decrease in IT infrastructure cost as software-defined storage improves
the performance of storage environments. February 2017 saw the acquisition of hyper-converged
storage and server systems vendor SimpliVity Corp. by HPE for US$650.0 mn cash.
HPE’s new offerings such as Synergy are anticipated to testify the integration of
SimpliVity for composing and recomposing highly scalable software-defined
storage for applications at enterprise level and scale.

Prominent
market intelligence company Transparency Market Research (TMR) prophesies the
global software-defined storage market to be worth US$48.18 bn by 2025,
progressing from US$4.86 bn in 2016 at a staggering 29.2% CAGR between 2017 and
2025.

Which End Users Assure Strong Demand?

The world
software-defined storage market is predicted to have attracted several end-use
industries such as e-commerce, logistics and warehouses, high tech, healthcare,
media and entertainment, education, manufacturing, telecom, and banking, financial
services, and insurance (BFSI). However, BFSI could take a leading position in
the world software-defined storage market as it looks to cash in on the
pressing requirement of foolproof data backup plans and continue dominating until
the next few years. Researchers envisage the BFSI market to expand at a colossal
29.4% CAGR during the said forecast period.

Nevertheless, rising
expenditure dedicated for its advancement is prognosticated to help the
healthcare market grow at a faster rate.

Higher
acceptance of software-defined storage in the U.S. is envisioned to propel the
growth of North America in the international market. Furthermore, solid
presence of top vendors could fortify the demand in the North America
software-defined storage market. Until the end of the aforementioned forecast
period, North America could sustain its dominance in the international software-defined
storage market.

Holding a
considerable share in the international software-defined storage market in
2016, Asia Pacific is foretold to up its worth in the coming years. The expansion
of the Asia Pacific software-defined storage market is assessed to be
facilitated by the adoption of virtualization technologies. Latin America could
also showcase a decent share with countries such as Brazil shining out in the regional
market.